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Transient Zones - Basics

  • #381
  • Oct 28, 2014 12:12pm Oct 28, 2014 12:12pm
Quoting vlady1974
{quote} 1440 min = 24 hours 24 x 5 = 1 week = 120 hours = 7200 minutes 1440 / 60 min = 24 1440 / 30 min = 48 1440 / 15 min = 96 1440 / 5 min = 288 7200 / 60 = 120 7200 / 30 = 240 7200 / 15 = 480 7200 / 5 = 1440 these numbers have been used in the Similarity Thread for various indicator settings.
! Magic numbers
Neural Network Algorithm and Econophysics
  • #382
  • Oct 28, 2014 12:15pm Oct 28, 2014 12:15pm
Quoting Vigovski
{quote} there have to be 1 minute too
LOL
Yes, you can put the 1 minute in there... but since I already put the minutes in there, no need to state that 1 hour = 60 for the 1M chart, etc.
A pip is only worth it if you know how much you risked to earn it
  • #383
  • Edited 1:50pm Oct 28, 2014 12:31pm | Edited 1:50pm
Quoting vlady1974
{quote} LOL Yes, you can put the 1 minute in there... but since I already put the minutes in there, no need to state that 1 hour = 60 for the 1M chart, etc.
i study yours thread but actually i didnt understand that well, but this numbers are very similar to me. By my mentor he put them in very cool formula in to few indicators.

This is simple results from today..

I think you guys on the right track and doing very well
Neural Network Algorithm and Econophysics
  • #384
  • Oct 28, 2014 1:17pm Oct 28, 2014 1:17pm
Quoting vlady1974
{quote} 1440 min = 24 hours 24 x 5 = 1 week = 120 hours = 7200 minutes 1440 / 60 min = 24 1440 / 30 min = 48 1440 / 15 min = 96 1440 / 5 min = 288 7200 / 60 = 120 7200 / 30 = 240 7200 / 15 = 480 7200 / 5 = 1440 these numbers have been used in the Similarity Thread for various indicator settings.
Vlady,

You make it so simple so that everyone can understand.... so kind of you.

Bomi
  • #385
  • Oct 28, 2014 4:31pm Oct 28, 2014 4:31pm
Hi all,
Simple i'm not sure. But great and i'm in.
Sorry for my bad english it's a fenchy trader

belle soirée
jean-françois

Attached Image (click to enlarge)
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  • #386
  • Oct 28, 2014 6:50pm Oct 28, 2014 6:50pm
Quoting cfdtaleong
{quote} I'm very sorry I'm can't really give you an actual figure, personally I just leave it at a default of 1000. General rules is as long as the indicator read out gives you ~3% of true transient bars. Hope this helps
Thank you very much mate,s all things become more and more clear
  • #387
  • Oct 29, 2014 1:29am Oct 29, 2014 1:29am
Hi vlady!

I see you and your intrepid band of merry men have come quite a long way! Love the indicator.

But, try as I may, I cannot find out why TZ's get drawn in the middle of big bars. If you be so kind as explain that to me, I would be grateful.

Concept threads like these are my favorite threads because they force a trader to think outside the box with regards to entries and exits.

Very good stuff!
If you are good at something, never do it for free--Joker
  • #388
  • Oct 29, 2014 9:11am Oct 29, 2014 9:11am
Quoting Bomi
{quote} Vlady, You make it so simple so that everyone can understand.... so kind of you. Bomi
Thanks for your kind words Bomi, I appreciate it.

I feel I can make it simpler... but unfortunately it goes into revealing things I cannot reveal (lots of different people's efforts and research = their edge).
So while I want to make the basics simpler.... there are some basic things I just can't elaborate on. So I give clues. BIG clues.

The important thing is that the concepts, if you put them together in a way that allows you to be who you are as a trader - and not try to be someone else you are not - then you can make it work. Otherwise, it will become just another strategy that you can throw away when it stops working for you.
A pip is only worth it if you know how much you risked to earn it
  • #389
  • Oct 29, 2014 9:24am Oct 29, 2014 9:24am
Quoting jmn5611
Hi vlady! I see you and your intrepid band of merry men have come quite a long way! Love the indicator. But, try as I may, I cannot find out why TZ's get drawn in the middle of big bars. If you be so kind as explain that to me, I would be grateful. Concept threads like these are my favorite threads because they force a trader to think outside the box with regards to entries and exits. Very good stuff!
Thanks Jmn!

I'll borrow this image from Kiad's post. He is making an example of the very bars you are talking about. Let's look at the one in the Red Square

Attached Image (click to enlarge)
Click to Enlarge Name: I'll be back but....png Size: 466 KB


The h=24 on a 15M timeframe.
The region is transient because the box is 24 bars to the left wide, and 24 bars to the right wide... and during that time (or within 24 bars either side) no other price bar came and overlapped/returned/breached/touched any price within that box on the Middle Long Bar that we are focusing on. That means it is transient. It is not recurrent for 2 (Left and Right) x (24 x 15M bars)... not including the Middle Bar.

I say "Not including" because you don't know what happened within that 15M... for all we know, it could have zig zagged 10 times within that range... (this is the current debate on the Similarity thread because it has a direct impact on probability calculation). Let's leave that aside and focus on the BASICS.

The Middle Bar TZs represent a breakout where price went through a range of prices and never returned to them after that 1 bar of timeframe for h. That means it is only transient for 48 x 15M = 720 minutes = 12 hours.

From my perspective, middle bar TZ have a very obvious characteristic. The height of the tz is equal on both sides of the bar. I call this EVEN TZ and all the EVEN TZ that get confirmed (ie. time goes over the h=24) eventually get returned to.

That is what is being shown in the image above. How would you trade it? You don't trade it until you know that price is confirmed to be heading back towards it. Once you know this, you can make the TZ a target.
A pip is only worth it if you know how much you risked to earn it
  • #390
  • Oct 29, 2014 12:06pm Oct 29, 2014 12:06pm
Quoting vlady1974
{quote} The text editor in FF can't format the capital T properly. This is the notation. {image} So it basically means, Prices for a given Timeframe at time interval t.
Hi,

Could you tell me the name of that notation app that you are using and for what device please!

I need something cool like that to take digital notes with and write, it looks so cool!

And thanks for the thread and good knowledge being shared by everyone here!

Yeah, yeah, yea!!!
It's time we stop entertaining ourselves and start realizing ourselves!
  • #391
  • Oct 29, 2014 2:49pm Oct 29, 2014 2:49pm
Quoting Kiads
{quote} {quote} http://www.forexfactory.com/showthre...85#post7824785 MTH
Hi Kiads,

I have seen your post just right now, and it was my heureka moment. Thank you! And also thanks for EURUSDD, Vlady and other contributors.
  • #392
  • Oct 29, 2014 10:39pm Oct 29, 2014 10:39pm
Quoting san1111
{quote} Hi Kiads, I have seen your post just right now, and it was my heureka moment. Thank you! And also thanks for EURUSDD, Vlady and other contributors.
Thank You My Friend, hope it help and we can learn together...
best regards
MTH
  • #393
  • Oct 30, 2014 2:12am Oct 30, 2014 2:12am
Quoting vlady1974
{quote} Thanks Jmn! I'll borrow this image from Kiad's post. He is making an example of the very bars you are talking about. Let's look at the one in the Red Square {image} The h=24 on a 15M timeframe. The region is transient because the box is 24 bars to the left wide, and 24 bars to the right wide... and during that time (or within 24 bars either side) no other price bar came and overlapped/returned/breached/touched any price within that box on the Middle Long Bar that we are focusing on. That means it is transient. It is not recurrent for 2 (Left...
That was good information. Thanks for taking the time to post it. I would also like to thanks the poster who posted an indicator with TPO profiles on them. It rounds out my trading arsenal.
If you are good at something, never do it for free--Joker
  • #394
  • Oct 30, 2014 3:14am Oct 30, 2014 3:14am
Quoting moneyflow21
{quote} Hi, Could you tell me the name of that notation app that you are using and for what device please! I need something cool like that to take digital notes with and write, it looks so cool! And thanks for the thread and good knowledge being shared by everyone here! Yeah, yeah, yea!!!
Hey Moneyflow,

Thanks for your kind words! The app is for iPad and it's called Penultimate. I've got lots of notes on that and syncs up with Evernote.

Enjoy!
A pip is only worth it if you know how much you risked to earn it
  • #395
  • Oct 30, 2014 5:17am Oct 30, 2014 5:17am
Quoting vlady1974
{quote} Thanks for your kind words Bomi, I appreciate it. I feel I can make it simpler... but unfortunately it goes into revealing things I cannot reveal (lots of different people's efforts and research = their edge). So while I want to make the basics simpler.... there are some basic things I just can't elaborate on. So I give clues. BIG clues. The important thing is that the concepts, if you put them together in a way that allows you to be who you are as a trader - and not try to be someone else you are not - then you can make it work. Otherwise,...
Vlady,

You are absolutely right. everything is depend on me. Many pips to u.

Bomi
  • #396
  • Oct 30, 2014 5:38am Oct 30, 2014 5:38am
Quoting Bomi
{quote} Vlady, You are absolutely right. everything is depend on me. Many pips to u. Bomi
Yes!! You are the Holy Grail!
Cheers mate!
A pip is only worth it if you know how much you risked to earn it
  • #397
  • Edited Oct 31, 2014 8:07am Oct 30, 2014 8:48am | Edited Oct 31, 2014 8:07am
For those of who may still have trouble understanding how H and K play into this... take a look.

Please note that I just did this as an example. Choose better H values and K values and you should be able to get 90%+

There are also other ways to do this as well. As long as it makes statistical sense and you can achieve high probability, then its good.

EDIT: By the way, this is not what EURUSDD said. I just figured this out last night. I will update later with what EURUSDD instructed us to do. But with this, you can still get good probability. I have tested it. I have test 2 variations of H/K. They both produced good results. FX-Jay for example is trading my original variation (different from EURUSDD's). So there are many ways to do this.
Attached Image (click to enlarge)
Click to Enlarge Name: k-and-h.png Size: 55 KB
Focus, Patience, Determination & Order in chaos
  • #398
  • Oct 30, 2014 9:05am Oct 30, 2014 9:05am
Quoting saver0
For those of who may still have trouble understanding how H and K play into this... take a look. {image}
That's an excellent chart Savero!

Thanks for that. I suspect that many people will comment on where the trades failed - there are ways to filter that kind of trade out.... given it is on the 1H.
But the other examples are gold!

Cheers!
A pip is only worth it if you know how much you risked to earn it
  • #399
  • Oct 30, 2014 9:10am Oct 30, 2014 9:10am
Quoting saver0
For those of who may still have trouble understanding how H and K play into this... take a look. {image}
it's not failed, Arnie will be back there, just a matter of 'time'.. lol.
but 'time' is the most important aspect in our Money Management and Mentality Management..,
1% growth per day is spectacular if you can do that consistently, but 1% growth per year is a reason why your wife ask for 'divorce' ...

MTH
  • #400
  • Oct 30, 2014 9:43am Oct 30, 2014 9:43am
Good work VLADY1974! Keep it up!
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